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Organization:Business Model Competition

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= Overview =

The [http://www.businessmodelcompetition.com <b>Business Model Competition(BMC)</b>], or International Business Model Competition(IBMC), is an unique business development competition that differentiates itself from other business plan competitions by stressing the value of validation with real customers, described in the following video:

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== Business Model Canvas ==

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The Business Model Canvas is one of the key tools that IBMC recommends the competing teams utilize. It is a strategic management template for developing new or documenting existing business models. The canvas consists of nine business model building blocks, which can be organized into four categories: ''infrastructure, offering, customers,and finances''.<ref>[http://www.businessmodelgeneration.com/ Business Model Generation], A. Osterwalder, Yves Pigneur, Alan Smith, and 470 practitioners from 45 countries, self published, 2010</ref> By using a visual approach to design business models, the Business Model Canvas makes it easier for firms to align their activities by illustrating potential trade-offs.

[[File:Business-model-canvas.png|thumb|center|500px~~|Business-model-canvas.png~~]]

== IBMC 2013 Top 3 Winners ==

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[[File:BYU-Harvard-Stanford.PNG]] [[File:Qualifier Competitions.PNG]] [[File:Participating universities.PNG]]

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= Steps Required To Bring Resource to Campus =

There are two ways to become involved with the IBMC:

#[[#General_Application|'''Become a participating university~~<br/>~~''']] <br/>Advertise the competition and encourage the students to apply through a general application process.~~<br/>~~#[[#Host_Qualifier_Competitions|'''Become a qualifier competitions host''']] <br/>Apply to be a qualifier competitions hosting university - Build, organize, and run the competition.

Here is a link to the [http://www.businessmodelcompetition.com/apply---2014.html General Application].

=== [http://www.businessmodelcompetition.com/apply---2014.html How to Apply] ===

To apply to the IBMC, teams must fill out and submit the application form at the beginning of January. However, before submitting the application, teams also need to complete the following:

#Create a video presentation describing the up-to-date validation and customer discovery with the idea and business model

The administration office for the International BMC is housed within the Rollins Center for Entrepreneurship & Technology at Brigham Young University. To contact the administrators, contact the Rollins Center for Entrepreneurship & Technology using the information provided below, or send an email to businessmodelcompetition@gmail.com

'''Rollins Center for Entrepreneurship & Technology'''<br/>~~'''~~<span style="font-size: 12px;">470 Tanner Building <br/>Marriott School of Management<br/> Brigham Young University <br/>Provo, UT 84602<br/span><br/~~span~~><span style="font-size: 12px;">Phone: (801) 422-7437<br/> Fax: (801) 422-0109 <br/>E-mail: rollinscet@byu.edu</span>

= References =

[[Category:Resources]]

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